Superior Group of Companies (SGC) to Release Quarterly Earnings on Tuesday

Superior Group of Companies (NASDAQ:SGC) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect Superior Group of Companies to post earnings of $0.07 per share for the quarter. Superior Group of Companies has set its FY 2024 guidance at 0.610-0.680 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. The business had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $142.59 million. On average, analysts expect Superior Group of Companies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Superior Group of Companies Price Performance

Superior Group of Companies stock traded down $0.20 during midday trading on Tuesday, hitting $16.64. The company’s stock had a trading volume of 3,093 shares, compared to its average volume of 61,599. Superior Group of Companies has a 12 month low of $7.23 and a 12 month high of $17.70. The company has a quick ratio of 1.80, a current ratio of 2.78 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average price is $15.71 and its 200-day moving average price is $13.32. The company has a market capitalization of $278.05 million, a PE ratio of 30.62, a price-to-earnings-growth ratio of 2.65 and a beta of 1.40.

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, February 22nd. Superior Group of Companies’s payout ratio is 101.82%.

Analyst Ratings Changes

SGC has been the topic of several research reports. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 20th. Singular Research reissued a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. Finally, Barrington Research upped their price target on shares of Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, March 15th.

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the sale, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total value of $140,760.00. Following the transaction, the insider now owns 82,436 shares in the company, valued at approximately $1,289,299.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $15.66, for a total transaction of $93,960.00. Following the completion of the sale, the director now owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The disclosure for this sale can be found here. 26.50% of the stock is owned by insiders.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.